Augmented Reality Video Conferencing

Does anybody know anything about Augmented Reality Video Conferencing? Does it even exist yet? Apparently it was hyped to be part of the Apple iPad, but that doesn’t seem to be the case. I wonder if there is a future for this technology. Or if it will go the way of flying cars.

Edit – It looks like Augmented Reality Video Conferencing may actually pan out to be something! Check out this article from ReadWriteWeb.com.